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Money Money Money! Should Employers give employees time / help to sort their financial affairs?

12/05/08

Money Money Money! Should Employers give employees time / help to sort their financial affairs?

Permalink 02:08:55 pm, by Christine Email , 126 words, 35 views   English (UK)
Categories: BLT Recruitment Blog, Human Resources Blog

It is no surprise to read that money worries are a major source of stress and that in a recent treasury commissioned report, the research quoted that stress related debt problems caused 8.7 million lost working days in 2004, costing employers £497m. AXA have led the way recently calling on employers to give staff an hour every month to sort out their financial affairs.

This also comes at a time, when rumour is gathering that our disposable income has declined considerably in recent years as we face rising mortgage, food and fuel bills. But is it right that employers should have to shoulder some responsibility for this? Does it as one HR Director suggests; open up too much potential litigation risk…

Read Personnel Today's take on the story

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